Page 7 - DMEA Week 46

DMEA COMMENTARY DMEA

CCUS agreement Virtuality
The two companies signed a partnership deal With ADIPEC being held virtually this year for
to “explore joint research, development and the first time, it was appropriate that ADNOC
deployment partnership opportunities in the used this time to announce its new ADNOC Vir-
areas of carbon dioxide (CO2) emission reduc- tual Energy Center.
tions and carbon capture, utilisation and storage With a largely educational remit, the facility
(CCUS)”. appears to be a virtual version of the physical
The deal was signed by Dr Sultan Ahmed Al energy exhibit at the King Abdulaziz Centre for
Jaber, Minister of Industry and Advanced Tech- World Culture (Ithra) located adjacent to Ara-
nology and Adnoc Group CEO, and Total CEO mco’s HQ in Dhahran in Saudi Arabia’s Eastern
Patrick Pouyanné. Province.
Al Jaber said that the deal “builds on our ADNOC said the centre would “support
sustainability goal to decrease greenhouse gas ADNOC’s science, technology, engineering and
(GHG) intensity by 25% by 2030”. mathematics (STEM) focused initiatives aimed
The move comes as Gulf NOCs are taking a at promoting STEM education among children
far greater interest in GHG emission reduction, in the UAE”.
hydrogen and the circular carbon economy.
Enhanced oil recovery (EOR) is expected to Midstream mastery
be one of the core focuses of ADNOC’s CCUS An important part of ADNOC’s recent strategy
efforts. has been its embracing of the midstream, which
Meanwhile, the company has already estab- has included the storage facilities in Fujairah as
lished the Al Reyadah facility, the first commer- well as India and Japan, the launch of new trad-
cial-scale CCUS facility in the Middle East. This ing arms, trading of its Murban crude grade and
has capacity to capture 800,000 tonnes per year expansion of its shipping fleet.
of CO2. ADNOC expects to increase this pro- ADNOC Logistics & Services last week said
gramme “six-fold” by capturing CO2 from its that it had acquired another Ultramax bulk car-
own gas plants, with the aim of reaching 5 mil- rier in addition to the two it purchased earlier in
lion tonnes per year of CO2 by 2030. the year. This means that the company has added
The move adheres to Abu Dhabi’s plans 214,000 tonnes to its bulk cargo capacity.
to become a leaser in the nascent hydrogen Meanwhile, ADNOC kept up the trading
sector and follows the recent pilot project by momentum, signing an ‘up to six-year’ supply
Saudi Aramco and Japan’s IEEJ to generate blue agreement with Vitol for the sale of 1.8mn tonnes
hydrogen from hydrocarbons which can be con- per year of post-2022 LNG volumes and a two-
verted to ammonia for shipping to Japan, with year supply agreement with Total for 750,000 tpy
the resultant CO2 utilised in methanol produc- of 2021 and 2022 LNG volumes. The deals fur-
tion and EOR. Given the region’s hydrocarbon ther strengthen ADNOC’s footing in the LNG
wealth, such projects are likely to gain rapid sector and illustrate the company’s overarching
momentum. efforts to expand throughout the value chain. ™

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